Posted by Sandy Roberts on 2/5/2015 to Marijuana Startups
Colorado One Year
IncSmart Colorado (Small Business and Startups) - Colorado is the first state to ever enact state law to tax and to regulate the sale of marijuana for private use beyond medical purposes. Two years are over. How did they do? Reports from the Colorado Department of Revenue show that the first ten months of legal marijuana sales have resulted in nearly $40 million in tax revenue. Denver saw a decrease in violent crime rates in the first 11 months of 2014, following a similar trend in 2013. Reports from the Colorado Department of Transportation show that traffic fatalities statewide, are declining.